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HinduBusinessLine
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Apollo Home Healthcare launches palliative care at home in Delhi
- Apollo Home Healthcare has launched palliative care at home in Delhi and will extend the initiative to Apollo Athenia, a cancer care center for women in the city.
- Palliative care focuses on providing relief from symptoms and stress of serious illnesses to improve the quality of life for patients. There is a growing need for accessible palliative care services in India.
- The program aims to provide pain management, symptom relief, emotional support, and expert care plans for patients with terminal illnesses through home visits and virtual consultations.
- Apollo plans to expand its home-based palliative care model to major cities in India, including tier-2 locations, to improve patient care and quality of life.
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Baystreet
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TSX Starts off Week with Gains
- Equities in Canada’s largest market started the week with gains, driven by technology and mining shares, despite losses in energy and healthcare sectors. Investor risk appetite decreased following U.S. President Donald Trump's announcement of 30% tariffs on imports from the EU and Mexico.
- The TSX Composite Index rose by 83.64 points to open at 27,106.89, while the Canadian dollar decreased slightly to 73.04 cents U.S. Trump's tariff threats impacted trading sentiments.
- Under the cloud of tariffs, the TSX Venture Exchange gained 4.33 points, with varying performances across TSX subgroups. The macroeconomic front saw a modest 0.1% increase in wholesale trade for May, reaching $84.2 billion.
- On Wall Street, stocks remained relatively stable despite Trump's tariff warnings. Investors are cautious but optimistic that the tariffs will be moderated through negotiations. Eyes are on upcoming earnings reports, inflation data, and treasury yields.
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Baystreet
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Stocks Flat as Investors Bet Tariffs will be Lowered
- Stocks remained steady as President Trump threatened high tariffs on more countries, with investors expecting negotiations to reduce the duties.
- The Dow Jones Industrials started slightly lower, the S&P 500 dropped, and the NASDAQ Composite saw a small increase.
- Investors are closely watching updates on tariffs, with the U.S. planning 30% tariffs on the EU and Mexico from Aug. 1, while negotiations for lower rates are ongoing.
- This week brings inflation readings, second-quarter earnings reports from major banks like JPMorgan Chase, and fluctuations in treasury prices and oil and gold rates.
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HinduBusinessLine
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Wipro Consumer’s Kumar Chander to helm next growth phase as Vineet Agrawal retires
- Vineet Agrawal, who joined Wipro in 1985 and led Wipro Consumer Care & Lighting for nearly two decades, is set to retire.
- Under Vineet's leadership, Wipro Consumer Care expanded globally, completed 15 strategic acquisitions, and grew Santoor into one of India's top soap brands.
- Kumar Chander will take over as the new head of Wipro Consumer Care & Lighting, expressing commitment to continue building on the foundation laid by Vineet.
- Kumar Chander will work closely with Vineet for a smooth transition beginning October 2025, with Wipro Enterprises' headquarters as his base.
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Bloomberg Quint
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NDTV Profit Pulse On July 14: Top 8 Stories At 8 PM Under 8 Minutes
- SEBI's ban on Jane Street, DGCA's order for Boeing aircraft operators, and India-US trade negotiations are among the top news today.
- HCL Technologies reported 12.8% attrition rate for the April-June quarter, with a net addition of 269 employees.
- SEBI is investigating index options trades focusing on 'at the money' strikes on expiry day for volatility.
- Retail inflation in India dropped to 2.1% in June, the lowest since January 2019, primarily due to lower food prices.
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HinduBusinessLine
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Having navigated HDFC merger, HDFC Bank now focused on faster growth: CEO
- HDFC Bank had to limit loan growth in the past fiscal due to absorbing loan assets of HDFC, resulting in a sharp rise in credit-deposit (CD) ratio.
- The bank's CEO, Jagdishan, believes they have successfully navigated the merger and are now focused on faster growth by capitalizing on opportunities like technology, customer-centricity, and their workforce.
- HDFC Bank plans to grow advances in line with or higher than the system in FY26 and FY27, with over 700 new branches added in the previous fiscal, totaling 9,455 branches by March 31, 2025.
- The bank's mortgage business, post-merger, has become the largest in the country, driving cross-selling opportunities and attracting new customers who opt for additional products, showing positive growth prospects for the bank.
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HinduBusinessLine
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360
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CCI sells over 67 lakh bales of cotton till July 11
- Demand for cotton has increased from mills and traders, with CCI being the main stockholder witnessing rising demand.
- CCI initially reduced cotton sale prices to boost demand but has since increased prices over the past weeks.
- The Indian cotton market has shifted from bearish to bullish due to aggressive buying, leading to improved yarn prices.
- Season-end stocks for the current marketing year are estimated to be significantly higher than the previous season, attributed to revised crop figures.
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HinduBusinessLine
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SEBI may lift ban on Jane Street this week after escrow deposit
- SEBI may lift the ban on Jane Street this week after an escrow deposit related to alleged unlawful gains from expiry-day index manipulation.
- SEBI is examining a request from Jane Street to lift the interim trading restrictions, possibly allowing the firm to resume trading under close monitoring for any suspicious patterns.
- While the ban lift is probable, Jane Street is not likely to immediately resume trading and will wait for full resolution of the matter. The firm reserves the right to challenge the allegations.
- SEBI had accused Jane Street of manipulating index levels on expiry days through large trades, potentially misleading smaller traders for favorable options prices.
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HinduBusinessLine
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R Doraiswamy takes charge as CEO & MD of LIC
- R Doraiswamy has taken charge as the CEO and MD of LIC with an appointment duration of three years or until he turns 62 on August 28, 2028, as per a government notification.
- Before this role, he served as the Managing Director of the Corporation and has educational qualifications including a Mathematics degree and memberships in insurance and actuarial institutes.
- After his appointment, Sat Pal Bhanoo, the previous Managing Director of LIC, has relinquished financial and administrative powers related to the CEO & MD role.
- The change in leadership was made effective from July 14, 2025, as announced by LIC through an exchange filing.
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HinduBusinessLine
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DGCA orders fuel switch lock checks on Boeing jets after AI171 crash probe
- DGCA has ordered airline operators to inspect fuel switch lock feature on Boeing jets by July 21, 2025, following a 2018 FAA bulletin highlighting the fuel switch disengagement risk on various aircraft models.
- While the FAA bulletin is not mandatory, the DGCA advised Indian carriers to abide by India’s civil aviation requirements and proactively address safety alerts from the aircraft manufacturer.
- The directive comes after the AI 171 crash investigation where both fuel control switches shifted from 'run' to 'cutoff' post-takeoff, leading to engine shutdown mid-air, causing global attention on Boeing's fuel switch design.
- The AAIB report revealed the engine shutdown in the AI 171 crash occurred due to fuel control switch transition, though the exact cause was not determined. No immediate safety recommendations were issued in the report.
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Bloomberg Quint
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R Doraiswamy Appointed As CEO & MD Of LIC
- R Doraiswamy has been appointed as the CEO and MD of LIC after Siddhartha Mohanty's term ended on June 7.
- Doraiswamy, with over 37 years of experience, has held various positions in LIC before assuming the role of MD.
- He is a graduate in mathematics and has memberships in prestigious insurance and actuarial organizations.
- The appointment signifies Doraiswamy's expertise in operations, marketing, technology, and academics within the insurance sector.
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HinduBusinessLine
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Infosys McCamish to pay $125,000 penalty in US cybersecurity breach case
- Infosys McCamish has been ordered to pay a $125,000 administrative penalty in a US cybersecurity breach case by the DFR.
- The penalty was imposed due to alleged violations of the Vermont Security Breach Notice Act regarding inadequate information provision and delayed breach notifications.
- Infosys is expected to pay the penalty within 30 days of the entry of the Stipulation and Consent Order received on July 10.
- The order aims to resolve the issue without IMS admitting to the alleged violations, and an earlier agreement settled pending lawsuits for $17.5 million.
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HinduBusinessLine
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Rains in the Valley break heat spell, spark optimism among apple growers
- The Valley faced a punishing heatwave which was drying up key water sources, putting apple farmers at risk of losses.
- Srinagar recorded its highest temperature in over 70 years, with the mercury touching 37.4 degrees Celsius, posing a threat to apple farms.
- Recent rainfall in Kashmir provided relief to apple farmers, lowering temperatures and improving soil moisture conditions.
- Despite the rainfall deficit, the recent rains are seen as crucial for protecting fruit quality and ensuring proper growth.
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Baystreet
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87
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B Riley Strikes Deal with Private Investor
- B. Riley Financial, Inc. announced a privately negotiated exchange agreement with an institutional investor to reduce its total outstanding debt by about $18 million.
- The agreement involves exchanging approximately $43 million in outstanding Senior Notes for $25 million in newly issued 8.00% Senior Secured Second Lien Notes due January 1, 2028.
- The investor will also receive warrants to purchase around 98,000 common shares at an exercise price of $10.00 per share, exercisable for seven years from the issuance date.
- B. Riley Financial's CEO, Bryant Riley, mentioned that this is the fifth bond exchange the company has negotiated in four months, reducing total outstanding debt by approximately $126 million.
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Bloomberg Quint
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RVNL Wins Order Worth Rs 447 Crore From Delhi Metro
- RVNL has won an order worth Rs 447 crore from Delhi Metro for part-design and construction of viaduct across seven stations.
- The project is part of the Delhi MRTS Phase-IV Project and is to be completed in 36 months.
- RVNL expects a 20% growth in order inflows for the fiscal year and aims to generate a revenue of Rs 20,000-22,000 crore.
- The company's stock settled higher post the announcement, and analysts suggest varied recommendations with a consensus price target implying a potential downside.
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